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Legal

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Unionized cannabis industry workers have resolved their labor conflict with Eaze/Stachs, reaching an agreement that improves pay, reimbursement for vehicle costs, work hours, and job protections. This settlement, recommended by UFCW locals 5, 135, 324, and 770, marks a significant advancement for labor rights within the cannabis sector. The resolution follows a nine-month dispute and a strike threat, highlighting the growing trend of unionization in the industry, with successful efforts at companies like Cannabist Company Holdings Inc (CBSTF), Cresco Labs (CRLBF), and Verano Holdings Corp (VRNOF).

Portfolio Pulse from Rolando García

April 18, 2024 | 12:18 am

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Florida Governor Ron DeSantis criticized the cannabis legalization amendment set for the November 2024 ballot, suggesting it would lead to public marijuana consumption near schools. He also targeted cannabis companies supporting the amendment, including Trulieve Cannabis Corp and others, for their financial interests in the amendment's passage.

Portfolio Pulse from Maureen Meehan

April 17, 2024 | 11:20 pm

Sen. Josh Hawley grilled Energy Secretary Jennifer Granholm over her stock trading activities and conflicts of interest, highlighting institutionalized corruption within the energy department. Granholm admitted to owning and later selling stocks, including shares of Ford Motor Company (NYSE:F), which she claimed were owned by her husband. Hawley accused Granholm of misleading the committee, violating stock trading laws, and promoting companies she had stakes in, calling for her resignation.

Portfolio Pulse from Chris Katje

April 17, 2024 | 11:06 pm

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U.S. Senator Tommy Tuberville's recent regulatory filings reveal trades in stocks and options of several companies, including sales of put options for Adobe Inc, Qualcomm Inc, and Applied Materials Inc, and purchases of Humacyte Inc shares. These activities raise conflict of interest concerns due to Tuberville's position on Congressional committees. Additionally, Tuberville bought shares in Southern States Bancshares Inc, Paramount Global, and Walgreens Boots Alliance, and sold shares in Apple Inc, JPMorgan Chase & Co, CSX Corp, and Texas Instruments Inc.

Portfolio Pulse from Chris Katje

April 17, 2024 | 10:05 pm

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A class action lawsuit was filed against EXp World and other real estate entities on April 11, 2024, for alleged antitrust violations related to buyer broker fees and commissions. The lawsuit seeks injunctive relief, damages, and attorneys' fees, with EXp World indicating potential material adverse effects from additional antitrust litigation.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 7:54 pm

The US Department of Transportation's watchdog is conducting an audit of the Federal Aviation Administration's (FAA) oversight of Boeing, according to a Semafor report. This investigation could have implications for Boeing's regulatory compliance and operational practices.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 7:11 pm

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The Chinese Embassy criticized the U.S. for initiating investigations into China's maritime, logistics, and shipbuilding sectors, as reported by Reuters. This move could potentially escalate tensions between the two countries.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:59 pm

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Samsung has been ordered to pay $142 million for infringing on phone patents. This legal decision could impact Samsung's financials and potentially its stock price.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:56 pm

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The European Union has decided not to conduct a formal investigation into Microsoft's $13 billion investment in OpenAI, citing that the deal does not constitute a takeover or give Microsoft control over OpenAI. This decision comes amidst concerns of regulatory scrutiny over the partnership. Additionally, Microsoft faces antitrust scrutiny in South Africa and a complaint in the EU regarding its cloud computing licensing practices, involving Amazon among the complainants. Microsoft's stock has seen a significant increase over the past year, despite a slight decrease in its latest trading session.

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 6:37 pm

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The FDA announced that Boston Scientific is recalling its Obsidio Conformable Embolic due to an increased risk of bowel ischemia when used for lower GI bleeding. This recall is classified as a correction rather than a product removal and is considered a Class I recall. There have been 11 incidents reported, including seven injuries and two deaths related to the use of the Obsidio Embolic.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:22 pm